Oregon Mutual Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.7% of capital. A history of deficient reserves (2.0) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 15.3% and 56.4% deficient respectively. Weak profitability index (2.4) with operating losses during 2022, 2023 and 2024.
Other Rating Factors:
Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (37.1%), personal/comm auto (33.6%), farmowners (11.0%), fire (3.5%), product liab. (0.8%), other (14.0%)
Licensed in:
CA, ID, OR, WA
Principal Investments:
Investment grade bonds (66.8%), cash (10.7%), common stock (4.7%), other (17.8%)
Corporate Info
Group Affiliation
Oregon Mutual Ins Co
Investment Rating
--
Company Address
400 Northeast Baker Street
McMinnville, OR 97128
McMinnville, OR 97128
Phone Number
(503) 472-2141
NAIC Number
14907
Website
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